6 Billion Barrels of Light Oil Discovered in Alaska
Construction Equipment
OCTOBER 5, 2016
Caelus Energy Alaska Smith Bay LLC announced Tuesday it has made a significant light oil discovery on its Smith Bay state leases on the North Slope of Alaska. The oil find is located in Smith Bay , about 300 miles north of the Arctic Circle, less than 2 miles offshore in water less than 6 feet deep.
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